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On Friday, shares of Shift4 Payments Inc’s 6.00% Series A Mandatory Convertible Preferred Stock (Symbol: FOUR.PRA) reached a yield exceeding 7%, based on an annualized dividend of $6.00. The stock traded as low as $79.21 and was observed at a 13.80% discount to its liquidation preference, compared to an average discount of 6.78% for the Business Services & Equipment category.
In the same trading session, FOUR.PRA experienced a decline of about 6.8%, while common shares (Symbol: FOUR) fell approximately 3.7%.
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